Lean On Me Foundation
- Assets
- $5.3k
- Revenue
- $2.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Livington, MT
- Founding
- Data as of
- 12/2021
- EIN
- 83-2644942
Organization Overview
Lean On Me Foundation is located in Livington, MT. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lean On ME Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lean On ME Foundation generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $2.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CITY OF LIVINGSTON IS LOCATED IN AN ECONOMICALLY DEPRESSED RURAL AREA NEAR THE ENTRANCE TO YELLOWSTONE NATIONAL PARK. HISTORICALLY, THE CITY HOSTED A THREE DAY "SUMMERFEST" EACH SUMMER, WHICH RAISED FUNDS FOR THE CITY'S PARKS AND YOUTH PROGRAMS. THIS THREE DAY EVENT INCLUDED MAJOR NATIONAL TOURING MUSICIANS (I.E., IN PRIOR YEARS THE KINGSTON TRIO AND CHERYL CROW WERE HEADLINERS) AS WELL AS MORE LOCAL BANDS. THE LOCAL HIGH SCHOOL REUNIONS WERE HELD DURING THE THREE DAY EVENT, AND MANY CRAFT AND FOOD VENDORS ALSO PARTICIPATED. IT FUNCTIONED AS A MAIN DRAW FOR TOURISM AND SPENDING IN THE DOWNTOWN AREA. THE CITY SUSPENDED ITS SUPPORT OF THIS PROGRAM SEVERAL YEARS AGO CITING INCREASED COSTS AND LAGGING ATTENDANCE. THIS ORGANIZATION WAS FORMED TO REVITALIZE THE EVENT.IN 2019, THE INAGURAL YEAR, THE EVENT WAS A ONE DAY PROGRAM, BUT IN FUTURE YEARS THE POTENTIAL EXISTS TO EXPAND IT BACK TO THE LONG WEEKEND. FUNDS ARE RAISED THROUGH LOCAL SPONSORSHIPS AND DONATIONS FROM THE PUBLIC.DUE TO CO
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE MISSION STATEMENT. THE INAGURAL EVENT WAS HELD IN THE SUMMER OF 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Soule Secretary/tr | Trustee | 2 | $0 |
Teresa Soule Board Presid | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,878 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,405 |
| Office expenses | $230 |
| Information technology | $0 |
| Royalties | $166 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,342 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,342 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,342 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,342 |
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